USD/CAD – 1H – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline down.
A descent down to the next support line at 1.37512 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.3815 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘%K cross below 0.8’ indicator signal is found. The indicator is ‘%K cross below 0.8’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38717 |
| 2nd High | 1.38225 |
| Next High | 1.3815 |
| Current Price | 1.38051 |
| Next Low | 1.37512 |
| 2nd Low | 1.37448 |
| 3rd Low | 1.37 |
1.3815 – 1.37277 – 1.37086 – 1.37512 – 1.37448 – 1.37 —
1.38250 – 1.38266 —
71.613074786663 – 62.59470119003 —
– —
1.38150 – 1767625200
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Black Crows – – – – – – – – –